Moderators Moderator_02 Posted December 5, 2018 Moderators Share Posted December 5, 2018 Quote Chinese consortium starts building fourth bridge over Panama Canal Tue, 12/04/2018 - 17:45 A Chinese consortium today was authorized by the Panamanian government to begin the construction of the fourth bridge over the Panama Canal, a 1,420 million dollar megaproject on a metro line which will pass and will help cut traffic in the capital. Panamanian President Juan Carlos Varela delivered on Tuesday the order to proceed with the so-called Panama Fourth Bridge Consortium, integrated by China Communications Construction Company LTD and China Harbor Engineering Company LTD. "These companies have just completed a bridge of more than 55 kilometers between Hong Kong, Macao and Zhuhai, the longest bridge in the world, so I have full confidence that they will do a first world work," said the president. The project was tendered in June, but the contract was not signed until November 9 because the Italian-American consortium Astaldi-Daelin filed a claim that ultimately failed. The infrastructure, which will have an approximate length of 6.5 kilometers and will have a cable-stayed design, will be built north of the Bridge of the Americas, one of the most emblematic of the country, located just at the entrance of the Pacific Ocean. The bridge will consist of six lanes for vehicles and two exclusive lanes for the third metro line of the capital, which is pending bidding and which will connect the western commuter towns of Arraiján and Chorrera, in the province of Western Panamá, with the city center. "It will be the fifth most important project in the history of the country," said Varela. The ceremony comes a day after Varela received Chinese President Xi Jinping on a visit that has been described as "historic", since he is the first head of state of that country to travel to Panama after the establishment of diplomatic relations in June 2017. "That Panama-China friendship is the best way to celebrate the visit of President Xi, and seeing that a Chinese company trusts Panama, trusts its processes, its legal security and its transparency," added the leader. Apart from the bridge, Chinese companies have been awarded multi-million dollar contracts, such as a convention center and a cruise terminal. China already had a significant presence in Panama, as it is the first supplier of the Colon Free Zone (the largest in the continent) and the second user, behind the United States, of the Panama Canal, through which 6 percent of world trade passes. The new bridge will relieve the congested traffic of the Panamanian capital and, according to government calculations, will benefit 1.7 million people. https://www.panamatoday.com/panama/chinese-consortium-starts-building-fourth-bridge-over-panama-canal-8584 Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted December 13, 2018 Moderators Share Posted December 13, 2018 Quote The fishermen who will "disappear" through the fourth bridge of the Panama Canal Wed, 12/12/2018 - 08:46 By Raquel Sánchez and Carlos Lemos With the sun on the horizon, dozens of fishermen rush to reach La Boca, a place that appears to be hidden on the banks of the Panama Canal, and in which every day is threatened to disappear to make way for progress: the fourth bridge over the interoceanic highway. Some 30 artisanal fishermen drag their boats and little by little take out the merchandise that was captured in the early morning hours. The baskets with fish and shellfish are thrown in vats that they load in trucks that will take them to the food markets, a marathon day of few hours to achieve the fresh harvest of the sea. But this life as many know will cease to exist, or that is what they fear, due to the construction of a mega project that will be erected to place a metro line and that will help alleviate traffic in the city. This will be a priority and the pier could close. La Boca port, located on the Pacific coast of Panama, was previously an area under the surveillance of US troops during its military presence in Panama. Already in 1930 a system of tugboats or ferries was enabled, which moved people from Balboa to Farfán (west). The infrastructure was abandoned after the inauguration of Puente de Las Américas in 1962, so the dock was adopted by fishermen who made their way to exercise their trade. A time when the idea of a prosperous place for fishing hardly flourished. Sitting on a bank, watching his tourist boat, Gumercindo Díaz knows that there are no more years to go, but months, he already knew it since 2014, the date on which they carried out studies for the construction of this fourth connection over the sea. Today that same place will undergo another transformation, the project that will connect the province of Panama West with the center of the city will be raised by a Chinese consortium and the infrastructure will have an approximate length of 6.5 kilometers with a cable-stayed design. "When the consultations began there was a meeting with the society, not even the residents of the residential area knew that we were settled in the place; since then began the worries that it was going to happen with us," he explains. He says that after a census was taken among the guild, the authorities informed him that access to the place would probably be difficult, and that the equipment and machinery would be there. Díaz notes that they proposed to move a few meters from the maritime enclave, but the detail is that they would need a landfill and the facilities to place their work tools. "I know it is a government project and they are the ones that rule, we do not want to be compensated, but to continue working, we know that if we leave here we will not go back," says Díaz, who is part of the Fishermen's Association of La Boca. He points out that the other ports such as Coquira in Chepo (east), the Prosecutor in San Felipe and the one in Veracruz (west) are crammed, far away and with little security. The Caribbean is also not an option because it has bad weather or its waters are unstable. Díaz says that many go out to the ocean every day and go for about eight hours, bringing species such as snapper, croaker, laurel, saw, sea bass and shrimp, the favorites of consumers. But this about 48 year old and very extroverted man notes that now he is dedicated to tourist fishing, a more friendly option with the environment and more profitable for the economy. With 20 years facing the sea, he says that although it seems unreal to fish 200 pounds of a fish, it is the same as taking about 10 people to do recreational fishing and capture 20 pounds. "We know that every day there is less fishing, and more pollution, fish go to clean seas, so our vision is to transform the place into a recreational port," he said. After the interview, Díaz goes to his boat that almost touches the rocks at low tide to get ready on his next trip that will take some tourists to fish, in what could be one of the last of the hidden dock. https://www.panamatoday.com/panama/fishermen-who-will-disappear-through-fourth-bridge-panama-canal-8648 Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted April 4, 2019 Moderators Share Posted April 4, 2019 Quote Varela visits 4th Bridge consortium in China Posted 03/04/2019 With the construction of the fourth bridge over the Panama Canal set to begin this year President Juan Carlos Varela on a tour of China intended to boost trade and tourism visited the Chinese consortium that will build the $1.4 billion project. "For our government it is very important to be sure that one of the largest mega infrastructure projects in the country has the support of world-class companies, with an undeniable record," said Varela as he toured The China Communications Construction Company and its subsidiary China Harbor Engineering Company (CHEC), the consortium that built the longest bridge in the world the Hong Kong-Zuhai-Macao bridge over the sea. He was accompanied by Oscar Ramírez, director of the Tocumen International Airport, and as well as the Minister of Canal Affairs, Roberto Roy, who is also director of the Panama Metro, whose third line will cross this bridge.. According to a statement from the Presidency in addition to discussing the challenges of building the bridge in China, they delved into relevant aspects of the project including civil works, environmental conservation programs, processes of mitigation and expectations about the impact on the quality of life of the population. https://www.newsroompanama.com/business/varela-visits-4th-bridge-consortium-in-china Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted May 5, 2019 Moderators Share Posted May 5, 2019 Quote $4 billion bridge and road project launched A toast to the fourth bridge Posted 03/05/2019 The symbolic first shovel of earth for the construction of the $1.518 billion fourth bridge across the Panama Canal was turned by President Juan Carlos Varela in La Boca, Balboa on Thursday May 2, It was the last photo op in a flurry leading up to Sunday when his successor will be chosen in the country’s election that could see a major shift in the National Assembly if the “No to re-election” campaign bears fruit. The fourth bridge aims to improve the road connection between the capital and West Panama, which is used by 130,000 vehicles each day,It will be built by The China Communications Construction Company and China Harbor Engineering Company Consortium which has e already received $67 million for the start of the project. The work consists of a cable-stayed bridge with six lanes for vehicles and two lanes for line 3 of the Panama Metro, which will connect Albrook with Ciudad del Futuro, in Arraiján. Varela said that between both projects the investment will be around $4 billion. "We are laying the foundations for the cities of West Panama to integrate more into the economy of the country," he said. The bridge and the access viaducts will have a length of 2.1 kilometers. In addition, the work, which is scheduled to take four and a half,years includes the creation of two interchanges on the east and west sides of the bridge, which will have an extension of 34 kilometers between roads, ramps and viaducts. https://www.newsroompanama.com/business/4-billion-bridge-and-road-project-launched Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted June 15, 2019 Moderators Share Posted June 15, 2019 Quote First draft of the Fourth Bridge project on the Panama Canal Thu, 05/02/2019 - 17:43 In a symbolic act that constitutes the beginning of the construction works of the Fourth Bridge over the Canal, the first stroke of this megaproject design and construction was placed by the authorities and executives of the Panama Cuarto Puente consortium formed by the companies China Communications Construction Company LTD and China Harbor Engineering Company LTD. The bridge will have an extension of 3,950 meters, contemplating the length of the cable-stayed bridge and its road system, consisting of access viaducts and interchanges. The first stroke marks the beginning of the construction phase that has five work fronts, which will advance simultaneously, along the alignment of the project. it is estimated according to the execution schedule, that the works finish in a period of 54 months. The fourth bridge over the Panama Canal has an investment amount of $ 1,420,027,324.73. It is expected to directly benefit the circulation of more than 130 thousand daily vehicles that move, according to estimates between the provinces of Panama and Panama West. The work currently employs 420 people directly and indirectly. https://www.panamatoday.com/panama/first-draft-fourth-bridge-project-panama-canal-9397 Quote Link to comment Share on other sites More sharing options...
Thu, 05/02/2019 - 17:43 In a symbolic act that constitutes the beginning of the construction works of the Fourth Bridge over the Canal, the first stroke of this megaproject design and construction was placed by the authorities and executives of the Panama Cuarto Puente consortium formed by the companies China Communications Construction Company LTD and China Harbor Engineering Company LTD. The bridge will have an extension of 3,950 meters, contemplating the length of the cable-stayed bridge and its road system, consisting of access viaducts and interchanges. The first stroke marks the beginning of the construction phase that has five work fronts, which will advance simultaneously, along the alignment of the project. it is estimated according to the execution schedule, that the works finish in a period of 54 months. The fourth bridge over the Panama Canal has an investment amount of $ 1,420,027,324.73. It is expected to directly benefit the circulation of more than 130 thousand daily vehicles that move, according to estimates between the provinces of Panama and Panama West. The work currently employs 420 people directly and indirectly.
Moderators Moderator_02 Posted August 15, 2019 Moderators Share Posted August 15, 2019 Quote Fourth Canal bridge on hold Posted 14/08/2019 The Fourth Bridge over the Panama Canal will not be built this year say government sources as the money intended for the Chinese construction company will go to pay debts left behind by the previous administration, which had already handed over $67 million and held a first shovel ceremony by then-president Juan Carlos Varela. Money previously allocated for the construction will be used to pay agricultural producers. TheNational Assembly Budget Committee unanimously approved on Wednesday, August 14, the transfer of $39 million to meet payments in favor of rice, milk and corn producers, between others. https://www.newsroompanama.com/business/fourth-canal-bridge-on-hold Quote Link to comment Share on other sites More sharing options...
Keith Woolford Posted August 15, 2019 Share Posted August 15, 2019 Mass transit and rush hour traffic relief will be on hold in order to make payments to agricultural producers. The new President's a farmer. Quote Link to comment Share on other sites More sharing options...
Hil Posted August 16, 2019 Share Posted August 16, 2019 It appears feeding people has priority over a bridge. No brainer. Good planning for a bridge down the road. Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted August 16, 2019 Moderators Share Posted August 16, 2019 Quote Bridge project on hold as government funds evaporate Posted 15/08/2019 The construction of the $1.5 billion fourth bridge over the Panama Canal will go ahead but not this year says The Ministry of Economy and Finance (MEF). The Director of Budget of the Ministry Carlos González reported that the 'formal' financing of the work collapsed, and there have been delays in planning so this year the project will not advance. During his appearance at the National Assembly Budget Commission. He asked the Budget Commission for a transfer of $39 million in favor of the Ministry of Agricultural Development. MEF Minister Héctor Alexander said that the Ministry of Public Works (MOP) should develop a schedule for the development of the project. A MOP statement says that the programming of the fourth bridge over the Canal was not expected to advance in the way originally planned but stressed that it is going to be built. At the end of June, the MOP minister, Rafael Sabonge, said they were looking to get an 'interim loan' for the construction of the project and when the bridge is built, give it in concession to the state-owned National Highway Company (ENA). On May 2, three days after the general elections, then President, Juan Carlos Varela, formally turned the first of the project construction to nr carried out by the Chinese consortium China Communications Construction Compay Ltd. and China Harbor Engineering Company Ltd., for a cost of $1.42 billion. The Varela government even gave an advance of $ 67 million to begin construction. Now, the work is suspended while the government of Laurentino Cortizo has moved to 'cool' Panama's relations with China. The second phase of the beach corridor project will also be delayed, given the lack of funds reports La Estrella. https://www.newsroompanama.com/business/bridge-project-on-hold-as-government-funds-evaporate Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted August 19, 2019 Moderators Share Posted August 19, 2019 Quote Fourth bridge builders cited to clear fog over progress Posted 18/08/2019 The consortium tasked with building the fourth bridge across the Panama Canal will be called to the National Assembly to help clear the fog surrounding the $1.4 billion project. Kayra Harding president of the Assembly’s Public Infrastructure and Channel Affairs Committee of the National Assembly,, confirmed that this week they would be citing the consortium to explain the current situation. According to Harding, , she will first present the citation proposal to her colleagues in the commission for endorsement. The idea of the citation, she said, is " among other topics,to explain the start date of the work and the reason for the delays." On August 14, the National Budget Director of the Ministry of Economy and Finance (MEF) , Carlos González Miranda, told in the Budget Committee that due to the delays in the construction of the road infrastructure of the bridge the budget item for this work will be used in other state projects. and the MEF asked the Budget Committee to approve a transfer of funds that had been allocated in the general budget. Later the same day, Public Works Minister Rafael Sabonge said that the work will begin this year and even anticipated that it would be in approximately 30 days. According to Sabonge, this work presented a low execution rate and the contractor, Consorcio Panamá Cuarto Puente, "is working with the $67 million advance payment that was provided, and reaffirmed that it will begin to be built this year." https://www.newsroompanama.com/business/fourth-bridge-builders-cited-to-clear-fog-over-progress Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted August 20, 2019 Moderators Share Posted August 20, 2019 Quote Design of bridge lagging, but project will advance - Minister Rafael Sabonge Posted 19/08/2019 The design of the fourth bridge across the Panama Canal is four months late but the project will be executed said Rafael Sabonge, Minister of Public Works He was participating, in the first debate on Public-Private Partnership in the National Assembly on Monday, August 19. Salonga said that this year the $213 million that had been allocated to the bridge will not be executed and that is why part of these resources were transferred to the Ministry of Agricultural Development to settle outstanding accounts with producers. However, the minister reiterated the commitment of the MOP to the project. "We are strengthening the institutional framework within the Ministry of Public Works to give the correct follow- " he said. The project has a cost of $1,518 billion and was awarded by the previous administration to the Chinese consortium Panama Cuarto Puente. The order to proceed was delivered in December 2018 and the ceremonial first shovel was wielded by, former President Juan Carlos Varela in May of this year, just before the presidential elections. https://www.newsroompanama.com/business/design-of-bridge-lagging-but-project-will-advance-minister Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted August 24, 2019 Moderators Share Posted August 24, 2019 Quote Fourth bridge consortium facing bribery record probe FOURTH BRIDGE consortim reps face futher grilling Posted 23/08/2019 The $1.5 billion contract for the. construction of the fourth bridge across the Panama Canal.will come under the microscope of a National Assembly sub-committee for 15 days starting Monday, August 26 as allegations swirl about the Chinese consortium’s track record of bribery. The Committee on Public Infrastructure and Canal Affairs of the National Assembly approved on Friday the creation of the sub-committee commission to investigate the tender, during the consortium's appearance before the commission to answer a questionnaire of 11 questions about the project. PRD deputy, Crispiano Adames, who will be one of the members of the sub-committee, made several accusations against the companies, China Communications Construction Company, and China Harbor Engineering Company. He said that the group has had corruption cases in several countries and was blacklisted by the World Bank for cases of bribes to officials. Jennifer Croston, a legal advisor to the group of companies, said they should investigate before giving information about it. Deputy Adames also questioned that the contract was awarded "quickly" in a "slow government", referring to the administration of Juan Carlos Varela (nicknamed the tortoise), and that as part of the project a $50 million restaurant is included. https://www.newsroompanama.com/business/fourth-bridge-consortium-facing-bribery-record-probe Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted September 20, 2019 Moderators Share Posted September 20, 2019 Quote Fourth bridge will carry 130,000 vehicles daily and Metro Line III Posted 19/09/2019 The $1.518 billion fourth bridge across the Panama canal will meet its construction deadline says the Chinese consortium handling the project. The Panama Fourth Bridge Consortium is made up of China Harbor Engineering Company Ltd. (CHEC) and China Communications Construction Company Ltd. (CCCC) and said on Wednesday, September 18 that it will comply with the times stipulated in the work schedule, so that the construction ends in 2023 reports La Prensa Mario Montemayor, Superintendent of Works in charge of the project, explained at the Capac Expo Habitat Fair that the bridge will allow the passage of at least 130,000 vehicles a day, using a traffic control system that will include automatic incident detection and traffic control cameras. It will have three lanes in each direction, and two central lines for the monorail of Metro Line III. https://www.newsroompanama.com/business/fourth-bridge-will-carry-130000-vehicles-daily-and-metro-line-iii Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted October 9, 2019 Moderators Share Posted October 9, 2019 Quote Fourth bridge $50 million restaurant a non-starter The construction subcommittee Posted 08/10/2019 The $50 million dollar restaurant envisaged as part of the $1.5 billion fourth bridge across the Panama Canal is a non-starter according to a National Assembly sub-committee created to "investigate" the tender by which the Panama Cuarto Puente consortium was awarded the contract for the design and construction of the On Tuesday, October 8, a report highlighted the possibility that the project price tag could increase. In the document, which must be presented to the Public Infrastructure and Canal Affairs Committee and then possibly discussed in the legislative plenary, it is indicated additional costs could arise if the company's geotechnical studies determine that more work should be done in the foundations. The design and construction of the work proposed by the consortium is based on soil surveys previously carried out by the Ministry of Public Works (MOP). However, in this type of project, the contractor expands the soil studies, which in some cases may result in additional work or less than originally calculated. This is a complex project, in which if all the ramps, access, and new road are considered, 40 kilometers of construction are added, with 24 bridges. The two central columns of the bridge will have a separation of 510 meters. In the West Tower, a restaurant was planned between the bridge and the waters of the Canal. However, at the time of delivering the report, Kayra Harding, who chairs the Committee on Public Infrastructure and Channel Affairs, revealed that the restaurant valued at about $ 50 million "does not go" within the project, in addition to other " adjustments "to be made by the Ministry of Public Works. "We are in the stage of design of the work, so at this stage, adjustments are being made," she said. The construction group, formed by China Harbor Engineering Company Ltd. (CHEC) and China Communications Construction Company Ltd. (CCCC), currently focuses its work on the first three stages of design and " withs an approximate progress of 70% according to the assigned time periods”. To date, the consortium has equipment, camps, and field personnel on the East and West side of the project. https://www.newsroompanama.com/business/fourth-bridge-50-million-restaurant-a-non-starter Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted November 11, 2019 Moderators Share Posted November 11, 2019 Quote Fourth bridge may not carry Metro line 3 Posted 10/11/2019 The Government is evaluating the possibility of modifying plans for the $1.5 billion fourth bridge over the Panama Canal and for the Metro subway line 3, which will run from Albrook to Arraiján. The Ministry of Public Works (MOP) said it is looking at a possible new alignment and redesigns to lower the cost of the bridge. One of the alternatives being considered is to separate the projects for the bridge and line 3, currently linked, with the subway crossing over the bridge. The option is to build a tunnel for the subway to cross the canal on its way to Panama West. This solution would simplify the execution of the projects, since currently, the deadlines must follow some coordination, despite the fact that the works are managed by two different entities. Changes of this magnitude would require a renegotiation with the consortium that is in charge of the works of the fourth bridge and with whoever eventually wins the tender for line 3. https://www.newsroompanama.com/news/fourth-bridge-may-not-carry-metro-line-3 Quote Link to comment Share on other sites More sharing options...
Keith Woolford Posted November 11, 2019 Share Posted November 11, 2019 48 minutes ago, Moderator_02 said: The option is to build a tunnel for the subway to cross the canal on its way to Panama West. Why drill a tunnel underneath the Canal if there's a bridge above? Trains are carried by multi-purpose bridges everywhere. Quote Link to comment Share on other sites More sharing options...
Siempre Soluciones Posted November 11, 2019 Share Posted November 11, 2019 2 hours ago, Keith Woolford said: Why drill a tunnel underneath the Canal if there's a bridge above? Trains are carried by multi-purpose bridges everywhere. Keith, You wrote: "Why drill a tunnel underneath the Canal if there's a bridge above?" Because they can. All joking aside, the probability is that there's a company who builds tunnels looking for contracts and is willing to pay the right price to do so. Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted November 27, 2019 Moderators Share Posted November 27, 2019 Quote Fourth bridge and Metro Line 3 final decision in January Posted 26/11/2019 A final decision on the twin multi-billion projects of the fourth bridge across the canal and Metro Line 3 has to be made in January and The Ministry of Public Works (MOP) is evaluating the options including to build them separately to “try to reduce the risks”. Public Works Minister Rafael Sabonge , announced on Tuesday, November 26 that they will wait for the outcome of the technical proposals to make a decision. "In December we must receive the final report from the contractor and in January have a final decision on both projects," said Sabonge. He said that that they are working in parallel with the Panama Metro and evaluating the options that would involve the separation of the projects and even the idea of building a tunnel. "I think we are being responsible for improving and decreasing the uncertainty of both projects and for making sure that both are finished on time within cost," Sabonge said. Among the complications Sabonge mentioned the relocation of certain public services, and the project involves interaction with the operation of the Panama Canal. Another of the risks involved in the works of the fourth bridge is the effects on the Panama Ports Company. Sabonge said that in order to access the work yard, a pre-agreement with the company had to be signed. "This pre-agreement gives us 180 days to reach a final agreement with Panama Ports Company, otherwise the work would have to be suspended." The minister said that the contract has $30 million planned for these effects with Panama Ports Company and communications with the company are "a risk of time and money." https://www.newsroompanama.com/business/fourth-bridge-and-metro-line-3-final-decision-in-january-1 Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted December 28, 2019 Moderators Share Posted December 28, 2019 Quote Fourth bridge consortium lays off workers in spat with MOP Posted 27/12/2019 The timetable of Panama’s most expensive infrastructure project - the $1.5 billion fourth bridge over the canal – is up in the air as the Ministry of Public Works (MOP) and the Chinse consortium chosen to build it are in a spat over changes to the original plan which was to have included Metro Line 3. The consortium has announced the dismissal of workers following order of partial stoppage of work by the MOP. The MOP, meanwhile, said the dismissals are due to a "unilateral decision" of the consortium, which it accused of not meeting deadlines for the work, for which a fine of over $1 million was imposed. The MOP ordered changes in the design of the project to physically separate the fourth bridge from the third line of the Metro. On October 16, the entity requested the partial and temporary stoppage of work in the areas that would be affected by the modification and on December 20 requested the resumption of work, according to the new design. The Chinse group– said in a statement that the decision to lay-off workers is a consequence of the modifications ordered by the Ministry. The MOP responded in another statement that the company must incorporate in the design modifications that contemplate the physical separation of the fourth bridge project with line 3 of the Panama Metro. Original plan According to the original conception, the third subway line, which will connect Albrook with Arraiján, would pass over the bridge. However, in a review carried out by the current administration, it was decided to separate the works. On Thursday, The MOP said that in October it sent a note to the consortium, that some works should be partially and temporarily suspended in the areas that would potentially be affected by the design modification, but work should continue in all other areas, including design work that, should be accelerated. On December 20, it ordered the consortium to resume work according to the new adjusted design, said MOP Minister Rafael Sabonge, who denied that the requested changes to the design are the cause of the dismissal of workers. In his opinion, it is a unilateral decision of the company, which could lead to further delays in the project. The consortium,, said that the layoffs will continue until the final decisions on the design of the project are known. "We will continue to work hard to restore the conduct of the project, and thus successfully comply with this large and complex infrastructure," said the company. In previous statements , Sabonge had indicated that the company accumulated four months of delay, but the representatives of the consortium said they were able to fulfill the different milestones established in the contract. Due to the alleged arrears, the MOP imposed a fine of more than $1 million, which is still pending payment, said the entity. The bridge is the most important infrastructure project currently running in the country with an investment of $1,518 million, the largest contract ever awarded by the MOP. In a controversial tender, the Chinese Panama Fourth Bridge Consortium consisting of state-owned companies China Communications Construction Company and China Harbor Engineering Company took over the contract in 2018, https://www.newsroompanama.com/business/fourth-bridge-consortium-lays-off-workers-in-spat-with-mop Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted January 22, 2020 Moderators Share Posted January 22, 2020 Quote Fourth Canal bridge design decision this week Posted 21/01/2020 Work on the $1.42 billion fourth bridge over the Panama Canal should start this quarter following a review meeting between the Minister of Public Works, Rafael Sabonge, and with the Chinese Panama Fourth Bridge Consortium (CPCP) of the changes d to construction costs and time. "We hope to be able to communicate this week the decision about whether there is a new re-alignment of the project or if the alignment that is currently in the contract is maintained," Sabonge said on Tuesday. January 21. The minister said that on Wednesday he will have a meeting with the president of the Chinese consortium in Panama "What I can tell you is that the preliminary works, whether a re-alignment is used or not, begin in the first quarter of this year when it is also expected to work on the foundations of the main batteries of the project. “One of the causes of the changes to the original project, signed during the last Administration of Juan Carlos Varela (2014-2019) is the effects on the port of Balboa, whose owner, Panama Ports Company (PPC) has asked for compensation of $68 million. That amount of compensation presented by PPC would cover " infrastructure that would have to be rehabilitated and land that would be lost," said the minister. "One of the reasons we are trying to change the alignment of the bridge is to minimize these effects to the Port of Balboa, obviously this would imply that the compensation was not given or that it was much lower than what is proposed, but above all that the operation of the port is not affected and also that the construction of the bridge is not affected, "said the minister. Among the changes proposed by the Ministry of Public Works (MOP) to the original project are to separate the project of Line 3 of the Metro from the bridge https://www.newsroompanama.com/business/fourth-canal-bridge-design-decision-this-week Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted January 29, 2020 Moderators Share Posted January 29, 2020 Quote Work on fourth Panama Canal bridge set to begin late March Posted 27/01/2020 Work on the Fourth Bridge over the Panama Canal is set to begin at the end of March according to the Chinese construction consortium and the Ministry of Public Works in a statement issued on Monday, January 27 The startup works will consist of relocations of public services and buildings or structures, construction of works, including the continuation of the work of the temporary access bridge for the construction of the foundations of the bridge, in the western sector of the Panama. The consortium and the ministry reported that the alignment of the project and an understanding of the methodology that will be used to estimate costs have been disseminated. "During the following weeks, the technical teams of both organizations will continue to work together to determine the final amount by which the contract will be reduced," the statement said. https://www.newsroompanama.com/business/work-on-fourth-panama-canal-bridge-set-to-begin-late-march-1 Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted June 2, 2020 Moderators Share Posted June 2, 2020 Quote Fourth bridge consortium pledges support to revitalize economy Posted 01/06/2020 The Panama Fourth Bridge Consortium is ready to work with the government to boost the economy and in a Monday, June 1 statement pledged " long-term commitment to the bright future of Panama and its citizens ." They add that their team is ready to work closely with the National Government to develop new infrastructure projects and thus positively impact the lives of Panamanians. As a group of companies responsible for the design and construction of the Fourth Bridge over the Panama Canal "they will put their experience and the talent of their people to make the project a pride for all ." The Fourth Bridge over the Canal, they highlight, is a work that " will open the way for the development of the West sector, improving the connection with the interior of the country and the quality of life of more than one and a half million Panamanians ." https://www.newsroompanama.com/business/fourth-bridge-consortium-pledges-support-to-revitalize-economy Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted August 30, 2020 Moderators Share Posted August 30, 2020 Quote Construcción del Cuarto Puente iniciará el 7 de septiembre, señala consorcio Tras las recientes sanciones de Estados Unidos contra empresas chinas, el Consorcio Panamá Cuarto Puente aclaró que ninguna de las empresas que lo componen fueron amonestadas Por María Alejandra Carrasquilla ReinaActualizado 28/08/2020 19:22 Cuarto PuenteArchivo | La Estrella de Panamá La empresa Consorcio Panamá Cuarto Puente está preparada para continuar las obras del Cuarto Puente sobre el Canal de Panamá a partir del 7 de septiembre, aseguró la compañía en un comunicado. “El Consorcio está preparado para continuar las obras del Cuarto Puente sobre el Canal de Panamá a partir del 7 de septiembre, en línea con la reciente decisión del Gobierno panameño de reactivar proyectos de infraestructura”, recalcó la consorcio en el documento difundido este viernes. Igualmente, aclararon que las empresas parte del consorcio no han recibido ninguna sanción por parte de Estados Unidos: “Tras las recientes sanciones de Estados Unidos contra empresas chinas, Consorcio Panamá Cuarto Puente aclara que ninguna de las empresas que lo componen, a saber China Harbour Engineering Company y China Construccion Communications Company Ltd, fueron sancionadas”. El Departamento de Comercio de los Estados Unidos añadió este miércoles a 24 empresas estatales de la República Popular de China a su Lista de Entidades, incluidas varias subsidiarias de la empresa China Communications Construction Company (CCCC). "Hoy, el Departamento de Estado empezará a imponer restricciones de visa a individuos de la República Popular China (RPC) responsables o cómplices de la reclamación, construcción o militarización a gran escala de puestos de avanzada en disputa en el mar del Sur de China o en el uso de la coerción de la RPC contra los reclamantes del sudeste asiático para impedir su acceso a los recursos marinos", señaló el Departamento de Estado. Moderator comment: Below is an unedited automated translation of the above news article. Quote Construction of the Fourth Bridge will begin on September 7, says consortium After the recent United States sanctions against Chinese companies, the Panama Fourth Bridge Consortium clarified that none of the companies that comprise it were reprimanded By María Alejandra Carrasquilla Reina Updated 08/28/2020 7:22 PM <<5f49939ee75a4.jpeg>> Fourth BridgeArchive | The Panama Star The company Consorcio Panamá Cuarto Puente is prepared to continue the works of the Fourth Bridge over the Panama Canal as of September 7, the company said in a statement. "The Consortium is prepared to continue the works of the Fourth Bridge over the Panama Canal as of September 7, in line with the recent decision of the Panamanian Government to reactivate infrastructure projects," the consortium stressed in the document released this Friday. Likewise, they clarified that the companies part of the consortium have not received any sanction from the United States: “After the recent United States sanctions against Chinese companies, the Panama Fourth Bridge Consortium clarifies that none of the companies that comprise it, namely China Harbor Engineering Company and China Construccion Communications Company Ltd were sanctioned ”. The United States Department of Commerce added 24 state-owned companies from the People's Republic of China to its Entity List on Wednesday, including several subsidiaries of the China Communications Construction Company (CCCC). "Today, the State Department will begin imposing visa restrictions on individuals from the People's Republic of China (PRC) responsible for or complicit in the large-scale reclamation, construction, or militarization of disputed outposts in the South China Sea or in the use of PRC coercion against Southeast Asian claimants to prevent their access to marine resources, "the State Department noted. https://www.laestrella.com.pa/nacional/200828/construccion-cuarto-puente-iniciara-7-septiembre-senala-consorcio Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted October 17, 2020 Moderators Share Posted October 17, 2020 Quote $405 million fourth bridge link 38% complete Posted 16/10/2020 Work on the $405 million expansion and rehabilitation of the Pan-American highway, Las Américas-Arraiján bridge section, is 38% complete reports the Ministry of Public Works (MOP) The project is one of those reactivated by the Government in the midst of the Covid-19 pandemic. It is approximately 11 kilometers long beginning in the connection with the project of the fourth bridge over the Panama Canal, in the Cocolí area, ending in the connection with the Centenario road in the Burunga area with a new road exchanger. The works include the expansion of the Centenario highway to three lanes, between the new interchange and the connection of the old Pan-American highway. https://www.newsroompanama.com/business/405-million-fourth-bridge-link-38-complete Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted October 29, 2020 Moderators Share Posted October 29, 2020 Quote No funds budgeted for 2021 start of fourth bridge Posted 28/10/2020 The long-awaited start of the construction of the fourth bridge across the Panama Canal will not take place in 2021 as there is no money in the budget says Minister of Economy and Finance, Héctor Alexander. No funds were included to carry out the mega-project that would facilitate travel to and from the interior of the country and create thousands of jobs The project will move forward, Alexander said, mentioning the construction period, but without giving an exact date. Alexander was questioned by the deputies in the National Assembly, during the discussion in the second debate of the general state budget for 2021. The Minister of Public Works, Rafael Sabonge, said that “our position since the pandemic began has been that we must find a private financing scheme to be able to carry out the work. The past administration did not resolve the financing of this project ”. Since February, the Ministry of Public Works decided to separate the construction of the fourth bridge from the works of Metro line 3. In 2018, the companies China Communications Construction Company and China Harbor Engineering Company were awarded the work at a cost of 1,518 billion. Line 3, has a cost of $2,5 billion. https://www.newsroompanama.com/business/no-funds-budgeted-for-2021-start-of-fourth-bridge Quote Link to comment Share on other sites More sharing options...
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